Vincentelli Albert Sangiovanni Sells 1,250 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock

Key Points

• Cadence director Vincentelli Albert Sangiovanni sold 1,250 shares for approximately $401,100 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 2.97% to 40,794 shares.
• Cadence shares rose 3.8% to $347.55, while the company reported quarterly EPS of $2.11, exceeding estimates, and revenue of $1.58 billion—up 24.2% year over year.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $405.69; institutional investors own approximately 84.85% of the stock.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Vincentelli Albert Sangiovanni sold 1,250 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total value of $401,100.00. Following the completion of the transaction, the director owned 40,794 shares in the company, valued at $13,089,978.72. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Trading Up 3.8%

Shares of CDNS stock traded up $12.87 on Thursday, reaching $347.55. 2,715,634 shares of the stock were exchanged, compared to its average volume of 2,443,623. The stock has a market cap of $95.71 billion, a PE ratio of 69.10, a P/E/G ratio of 3.56 and a beta of 1.15. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The stock has a 50 day moving average price of $349.91 and a 200 day moving average price of $332.76.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CDNS. Weiss Ratings upgraded shares of Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Rosenblatt Securities increased their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Benchmark reaffirmed a "buy" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Robert W. Baird lifted their target price on shares of Cadence Design Systems from $415.00 to $420.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Finally, Piper Sandler lifted their target price on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $405.69.

Hedge Funds Weigh In On Cadence Design Systems

Several institutional investors have recently modified their holdings of CDNS. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Cadence Design Systems by 3.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker's stock worth $287,000 after purchasing an additional 31 shares during the last quarter. Westfuller Advisors LLC boosted its holdings in Cadence Design Systems by 8.2% in the first quarter. Westfuller Advisors LLC now owns 408 shares of the software maker's stock valued at $113,000 after purchasing an additional 31 shares during the last quarter. Cornerstone Planning Group LLC grew its position in Cadence Design Systems by 32.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker's stock worth $37,000 after purchasing an additional 32 shares during the period. KCM Investment Advisors LLC grew its position in Cadence Design Systems by 0.4% during the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker's stock worth $2,227,000 after purchasing an additional 32 shares during the period. Finally, Fulton Bank N.A. raised its stake in shares of Cadence Design Systems by 2.6% during the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker's stock valued at $486,000 after buying an additional 33 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc NASDAQ: CDNS is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company's offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.

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